Cognyte Software Ltd (NASDAQ:CGNT) traded at $9.77 at last check on current trade day and made an upward move of 18.86% on its previous day’s price.
Looking at the stock we see that its previous close was $8.22 and the beta (5Y monthly) reads 1.755 with the day’s price range being $9.1376 – $10.315. In terms of its 52-week price range, CGNT has a high of $11.12 and a low of $6.21. The company’s stock has gained about 8.92% over that past 30 days.
Cognyte Software Ltd has a market cap of $702.42 million and is expected to release its quarterly earnings report on 2024-Dec-10.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 89.65M, with a low of 89.65M and a high of 89.65M. The median projection represents growth squeezing down to 8.38% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 373.45M, or 6.51% up from figures reported last year.
On the other hand, looking at the outlook for the CGNT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Cognyte Software Ltd (CGNT) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 17.69% off its SMA20 and 7.13% from its 50-day simple moving average. The RSI (14) is pointing at 67.91 while the volatility over the past week is 4.24% and jumps to 3.86% over the past one month. The beta value is 1.75, while the average true range (ATR) is currently pointing at 0.46. The average price target for the stock over the next 12 months is $7.5, with the estimates having a low of $7.5 and a high of $7.5. These price ends are 23.23% and 23.23% off the today’s price level respectively, although investors could be excited at the prospect of a 23.23% if the CGNT share price touches on the median price of $7.5.
Coming back to Cognyte Software Ltd (NASDAQ:CGNT), we note that the average 3-month trading volume was 308.92K, while that of the preceding 10-day period stands at 0.43 million. Current shares outstanding are 71.89 million.
The insiders hold 13.63% of the company’s shares while institutions hold 67.64%. The data shows that short shares as of 2025-03-14, stood at 0.73 million at a short ratio of 2.82. This represents a 104.00 short interest in shares outstanding on 2025-03-14. Shares short rose in March from the previous month at 0.65 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 12.95% up in year-to-date price movement.
